Commission Implementing Regulation (EU) 2016/1800 of 11 October 2016 laying down implementing technical standards with regard to the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
Modified by
- Commission Implementing Regulation (EU) 2018/633of 24 April 2018amending Implementing Regulation (EU) 2016/1800 laying down implementing technical standards with regard to the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps in accordance with Directive 2009/138/EC of the European Parliament and of the Council(Text with EEA relevance), 32018R0633, April 25, 2018
- Commission Implementing Regulation (EU) 2020/744of 4 June 2020on amending Implementing Regulation (EU) 2016/1800 laying down implementing technical standards with regard to the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps in accordance with Directive 2009/138/EC of the European Parliament and of the Council(Text with EEA relevance), 32020R0744, June 5, 2020
- Commission Implementing Regulation (EU) 2021/2006of 16 November 2021laying down implementing technical standards amending Implementing Regulation (EU) 2016/1800 as regards the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps in accordance with Directive 2009/138/EC of the European Parliament and of the Council(Text with EEA relevance), 32021R2006, November 17, 2021
- Commission Implementing Regulation (EU) 2024/1820of 1 July 2024amending the implementing technical standards laid down in Implementing Regulation (EU) 2016/1800 as regards the mapping tables specifying the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps in accordance with Directive 2009/138/EC of the European Parliament and of the Council(Text with EEA relevance), 32024R1820, July 2, 2024
Long-term issuer credit ratings scale | aaa | aa, aa- | a+, a, a- | bbb+, bbb, bbb- | bb+, bb, bb- | b+, b, b- | ccc+, ccc, ccc-, cc, c, d, e, f, s |
Long-term issue ratings scale | aaa | aa, aa- | a+, a, a- | bbb+, bbb, bbb- | bb+, bb, bb- | b+, b, b- | ccc+, ccc, ccc-, cc, c, d, s |
Financial strength ratings scale | A++ | A+ | A, A- | B++, B+ | B, B- | C++, C+ | C, C-, D, E, F, S |
Short-term issuer ratings scale | AMB-1+ | AMB-1- | AMB- 4, d, e, f, s | ||||
Short-term issue ratings scale | AMB-1+ | AMB-1- | AMB- 4, d, s | ||||
Medium and long-term issuers rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Medium and long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Insurance Financial Strength Rating Criteria scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Short-term issuers rating scale | A-1+ | A-1 | A-2, A-3 | B, C, D | |||
Short-term issue rating scale | A-1+ | A-1 | A-2, A-3 | B, C, D | |||
Long-term credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC/C, D |
Short-term corporate rating scale | A++ | A | B, C, D | ||||
Global ANACOT long-term issuer credit rating scale | 1+ | 1, 1- | 2+, 2, 2- | 3+, 3, 3-, 4+, 4, 4-, 5+ | 5, 5-, 6+, 6, 6- | 7, 8, P | |
Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Global short-term rating scale | A-1+ | A-1 | A-2, A-3 | B, C, D | |||
Pension-insurance company long-term scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Pension-insurance company short-term scale | A-1+ | A-1 | A-2, A-3 | B, C, D | |||
Pension fund long-term scale | AAA pf | AA pf | A pf | BBB pf | BB pf | B pf | C pf |
International long-term issuer rating scale | AAA | AA | A | BBB | BB | B | C, RS, SD, D |
International long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
International long-term insurer financial strength rating scale | AAA | AA | A | BBB | BB | B | C, RS, SD, D |
International short-term issuer rating scale | A1+ | A1 | A2, A3 | B, C, RS, SD, D | |||
International short-term issue rating scale | A1+ | A1 | A2, A3 | B, C, D | |||
International short-term insurer financial strength rating scale | A1+ | A1 | A2, A3 | B, C, RS, SD, D | |||
Corporate long-term rating scale | A1.1 | A1.2, A1.3 | A2.1, A2.2, A3.1 | B1.1, B1.2 | B2.1, B2.2 | C1.1 | C1.2, C2.1 |
Corporate short-term rating scale | S-1 | S-2 | S-3 | V-1, R-1 | |||
Long-term rating scale | AAA | AA | A | BBB | BB | B | C, SD, D |
Long-term issue rating scale | AAA | AA | A | BBB | BB | B | C, D |
Short-term rating scale | L1 | L2 | L3 | NEL, D | |||
Long-term issuer rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D1S, D |
Long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, DS |
SME rating scale | SME1 | SME2 | SME3 | SME4 | SME5, SME6 | SME7, SME8 | |
Short-term issuer rating scale | IG-1 | IG-2 | SIG-1, SIG-2, SIG-3, SIG-4 | ||||
Short-term issue rating scale | IG-1 | IG-2 | SIG-1, SIG-2, SIG-3, SIG-4 | ||||
Long-term obligations rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Commercial paper and short-term debt rating scale | R-1 H, R-1 M | R-1 L | R-2, R-3 | R-4, R-5, D | |||
Financial Strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, R |
Expected loss rating scale | AAA(el) | AA(el) | A(el) | BBB(el) | BB(el) | B(el) | CCC(el), CC(el), C(el) |
Long-term credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Short-term credit rating scale | A-1+ | A-1 | A-2 | A-3, B, C, D | |||
Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Global short-term rating scale | EF1+ | EF1, EF2 | EF3, EF4, EF5 | ||||
Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Long-term issuer default ratings scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, RD, D |
Corporate finance obligations – Long-term ratings scale | AAA | AA | A | BBB | BB | B | CCC, CC, C |
Long-term international Insurer Financial Strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C |
Derivative counterparty ratings scale | AAA dcr | AA dcr | A dcr | BBB dcr | BB dcr | B dcr | CCC dcr, CC dcr, C dcr, RD dcr, R dcr |
Short-term rating scale | F1+ | F1 | F2, F3 | B, C, RD, D | |||
Short-term IFS rating scale | F1+ | F1 | F2, F3 | B, C | |||
Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Global long-term rating scale | HR AAA(G) | HR AA(G) | HR A(G) | HR BBB(G) | HR BB(G) | HR B(G) | HR C(G)/HR D(G) |
Global short-term rating scale | HR+1(G) | HR1(G) | HR2(G) | HR3(G) | HR4(G), HR5(G), HR D(G) | ||
Global long-term issuer rating scale | AAA | AA | A | BBB | BB | B, CCC | CC, C, D |
Global long-term issue rating scale | AAA | AA | A | BBB | BB | B, CCC | CC, C, D |
Long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Long-term issuer rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, LD, D |
Long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Short-term issuer rating scale | J-1+ | J-1 | J-2 | J-3, NJ, LD, D | |||
Short-term issue credit rating scale | J-1+ | J-1 | J-2 | J-3, NJ, D | |||
Long-term credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Short-term credit rating scale | K1+ | K1 | K2, K3 | B, C, D | |||
Insurance Financial Strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Global long-term rating scale | A1 | A2 | A3 | B1 | B2 | B3 | C1, C2, C3, D |
Global long-term rating scale | Aaa | Aa | A | Baa | Ba | B | Caa, Ca, C |
Global short-term rating scale | P-1 | P-2 | P-3 | NP | |||
Long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D, SD |
Short-term rating scale | N1 | N2 | N3 | N4, N5, N6 | |||
Long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D/SD |
Short-term rating scale | S-1+ | S-1 | S-2 | S-3, S-4, D/SD | |||
Long-term issuer credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, R, SD/D |
Long-term issue credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
Insurer financial strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, SD/D, R |
Long-term Financial Institution Resolution Counterparty Ratings | AAA | AA | A | BBB | BB | B | CCC, CC, SD, D |
Mid-Market Evaluation rating scale | MM1 | MM2 | MM3, MM4 | MM5, MM6 | MM7, MM8, MMD | ||
Short-term issuer credit rating scale | A-1+ | A-1 | A-2, A-3 | B, C, R, SD/D | |||
Short-term issue credit rating scale | A-1+ | A-1 | A-2, A-3 | B, C, D | |||
Short-term Financial Institution Resolution Counterparty Ratings | A-1+ | A-1 | A-2, A-3 | B, C, SD/D |
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